4 ms·

From the comments there: http://en.wikipedia.org/wiki/Martingale_(betting_system) http://en.wikipedia.org/wiki/Martingale_(betting_system)

• joshu 17y ago
  I'm honestly surprised that more people don't know about the Martingale.
  • BearOfNH 17y ago
    Then you would also be surprised at the number of people who independently "discover" the system, and invariably lose their shirts when playing it. Such stories used to crop up in the old rec.gambling newsgroup many years ago. Any hackers also trade futures? The trading system known as "scaling" (buy dips, sell rallies based on N-point moves) behaves a lot like the Martingale system ... risk a lot to win a little. It's not as foolproof at its proponents would have you believe.
    • joshu 17y ago
      No, I guess not. Makes sense. I've traded futures, but only for hedging.